GS Paper 3:
Topics Covered: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth.
Context:
NITI Aayog, in collaboration with the Institute of Competitiveness, has released the second edition of the Export Preparedness Index (EPI) 2021.
- The first Index was launched in August 2020.
About the Index:
- The Export Preparedness Index is a comprehensive analysis of India’s export achievements.
- It aims to identify the fundamental areas critical for subnational export promotion.
- The coastal states have been adjudged as the best performers in the index.
How were states ranked?
The index ranked states on four key parameters – policy; business ecosystem; export ecosystem; export performance.
- The index also took into consideration 11 sub-pillars — export promotion policy; institutional framework; business environment; infrastructure; transport connectivity; access to finance; export infrastructure; trade support; R&D infrastructure; export diversification; and growth orientation.
Performance of various states:
- Gujarat has topped NITI Aayog’s Export Preparedness Index (EPI) 2021 for the second consecutive time.
- Maharashtra has been ranked second and Karnataka has been ranked third.
InstaLinks:
Prelims Link:
- Who releases the Export Preparedness Index (EPI)?
- Performance of various states under various categories.
- How are the states ranked?
Mains Link:
Discuss the significance of the Export Preparedness Index (EPI) 2020.
Sources: the Hindu.
